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    275 Acres with Lake Frontage Title is generated by Realmo AI

    237 Lawrence Lane, Theodosia, MO 65761

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    Claim this Listing
    For Sale
    $1,335,000

    LAND - Theodosia, MO

    Lot size:
    275.00 Acres
    Added:
    Aug 18, 2025
    Days on Market:
    273
    Last Refresh:
    May 17 at 8:06 am

    Property Features for 237 Lawrence Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    190101000000006000
    Lot size
    275.00 Acres

    Taxes and HOA fees

    Tax Year
    2022
    Tax Annual Amount
    1187

    Utilities

    Water front
    1

    Building Details

    Additional Structures
    Workshop

    We can help!

    Listing Contact
    Clay O'Dell

    Listing agent Clay O'Dell

    Listing office Midwest Land Group MO

    Listing date Aug 18, 2025

    MLS# 60302546 Listing URL

    Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 275 acres with Corps of Engineer frontage on Bull Shoals Lake.
    • Custom brick home built in 2010 with five bedrooms and six full bathrooms.
    • 40'x50' shop with electricity, concrete floor, and overhead doors.
    • Wrap‑around porch with a view of Bull Shoals Lake.
    • Over one mile of state highway frontage providing easy access.
    • Three wells on the property.

    Overview

    This property, managed since the early 1980s, spans 275 acres near Theodosia, Missouri, just off State Highway NN. It features a custom brick home constructed in 2010, offering five bedrooms and six full bathrooms. The home's upper level showcases rustic log siding with a mix of wood and tile floors. A wrap-around porch provides views of Bull Shoals Lake. The walk-out basement includes an additional washer and dryer hookup, a large utility area, and a second unfinished living area. Additional features include an attached two-car garage, granite countertops, and a large wood-burning fireplace. The property also includes a 40'x50' shop with electricity, a partial concrete floor, two power overhead doors, and one dual sliding door. Adjacent to the shop is a 15'x70' trailer house. A two-room bunk house offers additional storage. The property has three wells. With over one mile of state highway frontage, access for maintenance, or hunting is convenient. The property has Corps of Engineer frontage on Bull Shoals Lake. The land includes glades, hardwood ridges and draws. The property has been designed and managed for functionality and to promote quality wildlife habitat and keep the landscape in its native state.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Theodosia
    County
    Ozark
    State
    Missouri
    Longitude
    -92.7117
    Latitude
    36.5847

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    FAQs

    What type of property is this?
    Ranch - Custom home and large shop on 275 acres.
    Where is this ranch located?
    The property is located at 237 Lawrence Lane Theodosia, MO.
    What is the asking price?
    The asking price for this property is $1,335,000.
    What are key features of this property?
    This property features: 275 acres with Corps of Engineer frontage on Bull Shoals Lake.; Custom brick home built in 2010 with **five bedrooms and six full bathrooms.**; 40'x50' shop with electricity, concrete floor, and overhead doors.
    (417) 414-1808
    We can help!
    Listing Contact
    Clay O'Dell
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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